Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
...the monthly retail sales numbers for March from the Commerce Department to show how the beginning of the coronavirus recession hit retailers. Headline retail sales are expected to have plunged 8% during the month, down from a 0.5% decline in February, according to...
Odds on re-opening economy “soon” climb; uncertainty remains on when
Add Attorney General William Barr to voices in the Trump administration, including President Donald Trump, pushing to "re-open" the U.S. economy sooner rather than later. The Attorney General, in an interview with Fox News' Laura Ingraham, said some of the...
Special Report: Do you have a strategy for the really dangerous stage in this bear? Let me tell you mine–Part 1: The ups and downs of the Bear over the next 6-10 months; Part 2: The re-opening rally; Part 3: Is the re-opening rally over already?
Part 1: The ups and downs of the Bear In digging into the historical record of Bear Markets--again--I've come to the conclusion that what you can say about a bear market with any hope of a degree of accuracy very much depends on your time scale. In the longest time...
Stocks rally on Trump, Fauci optimism on coronavirus
Last night President Donald Trump told Sean Hannity on his Fox News show that his administration is planning to "reopen" the U.S. economy. “We’re looking at the concept where we open sections of the country and we’re also looking at the concept where you open up...Selling my infrastructure play Vulcan Materials out of Jubak Picks into today’s rally
Last week House Speaker Nancy Pelosi threw in the towel on any near-term chance for a big infrastructure spending package. The horrific jobs numbers had convinced her, she said, that sending more aid to unemployed workers and small businesses took a higher priority....
Saturday Night Quarterback says, For the week ahead expect…
... what I'd call a pre-earnings season week of positioning. Traders and investors will be looking to get ahead of the first quarter earnings reports that begin next week with the big banks. And even more importantly they will be trying to get ahead of the guidance...
Selling Commonwealth Bank of Australia out of Dividend Portfolio
I've only got a small bit of exposure to the global banking system and, frankly, I think it's past time to get rid of even that exposure. We're in one of those banking sector moments where we know that banks are loaded up with assets that can't be priced (in the case...
Disney gets another negative vote–but one that’s still more positive in the short run than I am
Gugenheim analyst Michael Morris issued a deeply pessimistic call on Walt Disney (DIS) shares on Thursday, April 2. He's still more positive on the stock than I am in the next six months or so. While I continue to hold Disney shares in my long-term 50 Stocks...
Walgreens latest stock to punch holes in a coronavirus revenue growth story
The theory was that Walgreens Boots Alliance (WBA) would actually benefit from the coronavirus pandemic as consumers stocked up at the drugstore chain in preparation for the coronavirus shelter-in-place orders now becoming common in the United States and Europe. But...
Just in case you were thinking that there would be another coronavirus rescue bill soon, Mitch McConnell says “Whoa!”
In the last few days both President Donald Trump and House Speaker Nancy Pelosi have said they'd like to move ahead with the next coronavirus rescue bill--one that includes major infrastructure spending. Today Senate Majority Leader Mitch McConnell (R-Ky.) said he...
Selling Middleby out of my long-term 50 Stocks Portfolio today
I love this stock. It's been in the long-term 50 Stocks Portfolio since May 3, 2013. And someday I think the company's strategy of buying smaller commercial and domestic kitchen equipment companies and then super-charging their sales by giving them access to a bigger...Jim’s Stock Alerts
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